Prom Resources Inc (PRMO)

[Morningstar52]

Notice the share volume starts and ends basically same total no trades throughout the day and price stays the same.



Disciplined Persons
Details
Name: Sklar, Gerald Emile
British Columbia - British Columbia Securities Commission


Date of Order or Settlement
September 18, 1989

Banned with or without exceptions until
September 18, 1991

Sanctions

Director, Officer and/or Supervisor Ban with or without exceptions

Trading ban with or without exceptions


Payment agreed and/or ordered
$5,000 in costs

Violations and/or conduct

Acting contrary to the public interest

Misrepresentations


Supporting Documents

Merits Decisions (English)


The CSA presents this information as a plain language summary of information found in publicly available documents. You should review the supporting documents for the full conditions and context of all decisions, orders, and sanctions. Please forward any questions or reports of errors and omissions to [e-mail]

Something I came accross

To: broken_cookie who wrote (3755) 5/7/1999 8:56:00 AM
From: John Lister of 4128

Thank you Richard,

We can differentiate the gentlemen (and ladies) from the touts, hypester, and the uncouth on this thread and certainly Mr. Shark is out of his water. His post has been deleted.

Who visit Calgary or was it Banff and met Gerald Emile Sklar ?
You have fallen for his charm and lies.

Sklar certainly must have some abilities to be able to lie and convince people to succeed in his scams. Many cons and cheats have this ability to charm and lie through their teeth. Sklar is no exception. He is a cheat and a liar of the highest caliber.

Dinner and meeting with Al Gore ? - no response.

Endorsement from the White House ? - no response.

All mining companies kicked out of Madagascar and ABFG is the only permitted to mine in Madagascar.

This is the most preposterous lie ABFG can spin. Even the Madagascar Government wouldn't be able to give all mining rights to ABFG if they loved ABFG so much and wanted to so....the international agencies will not allow it.

Where are ABFG's permit areas ? - no response. delay. excuses.

Sklar & company went to Israel and Bangkok to close a deal that will add $200,000 a day to the bottom line. ? Who did they negotiate with in Israel ? Ronny Bental - another crook and conman ?

Sklar has not left Canadian soil in the last few years, but was stuck in his boiler-room in Calgary

Wise up ABFGers, Sklar is a super-conman and a liar of the highest order...and the biggest name dropper. His legion of soldiers have been mesmerised by him. He has gone too far this time and May 15th will be curtains down for ABFG, IMHO.

John

Sklar has never lived in any of these places.

Gerald Sklar in New York

1.

Gerald E Sklar
Get more details
This information for purposes of identification only (not included in reports)
Name/Aliases Has lived in Has worked at Has studied at Related to DOB Phone Address
Gerald E Sklar
New York, NY
Boca Raton, FL
Deerfield Beach, FL
Wilmington, DE Bnet
Winmax Trading Group Inc
Eastern Asteria Inc
American Benefits Group



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-SB

GENERAL FORM FOR REGISTRATION OF SECURITIES OF
SMALL BUSINESS ISSUERS

Under Section 12(b) or (g) of The Securities Exchange Act of 1934

AMERICAN BENEFITS GROUP, INC.
(Name of Small Business Issuer in its charter)


Florida 65-0647122
(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)





10 Fairway Drive, Suite 307, Deerfield Beach, Florida 33441
(Address of principal executive offices) (zip code)
Issuer's toll free telephone number: [phone]
Issuer's toll free fax number: [phone]

Securities to be registered under Section 12(g) of the Act:


Title of each class Name of each exchange on which each class
is to be registered
------------------------- ------------------------------------------
Common OTC Bulletin Board




Securities to be registered pursuant to Section 12(g) of the Act.
Common Stock, no par value

1

--------------------------------------------------------------------------------

INTRODUCTORY STATEMENT
American Benefits Group, Inc. (the "Company" or "ABFG") has elected to file this Form 10-SB registration statement on a voluntary basis in order to become a reporting company under the Securities Act of 1934. The primary purpose for this is that the Company intends to be listed for trading on the OTC Electronic Bulletin Board. Under the current NASD rules, in order to become listed on the OTC Electronic Bulletin Board, a company now must be a reporting company under the Securities Act of 1934.
This registration statement, including the information that may be incorporated herein by reference, contains forward-looking statements including statements regarding, among other items, the Company's business and growth strategies, and anticipated trends in the Company's business and demographics. These forward-looking statements are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of factors described in this section "Risk Factors," including among others, regulatory or economic influences.
ITEM 1. DESCRIPTION OF BUSINESS
A. General Overview
ABFG was incorporated under the laws of the State of Florida pursuant to The Florida Business Corporations Act as Living Benefits Group, Inc. on February 26, 1996. The Company underwent name changes to Lifeline Benefits Group, Inc. on April 21, 1996 and to American Benefits Group, Inc. on December 12, 1996. Unless otherwise indicated by the context, all references to "ABFG" or "the Company" in this Report shall be read to refer to American Benefits Group, Inc. and all of its subsidiaries, and all of its majority owned affiliates.
Upon incorporation, the Company was engaged in the business of Viatical Settlements. Effective June 30, 1997, the Company ceased its business operations in Viatical Settlements. On July 1, 1997, subsequent to divesting itself of any and all interest in the Viatical Settlement business, the Company commenced its current business of mining and marketing precious and semi-precious stones, jewelry, art and other goods and services.
The Company operates one segment: Mining precious stones and minerals; processing and manufacturing products; marketing finished products and services (Mining of precious stones and related products). The Company's reportable segment is a strategic business unit that offers different products and services.

2

--------------------------------------------------------------------------------

The Mining of precious stones and related products segment includes American Benefits Group, Inc. (ABFGINC), the parent company and its subsidiaries and affiliates; American Benefits Group, Limited (ABFGLTD) - 100%; ABFG Sales Ltd. (ABFGSL-Cdn) - 100%; ABFG Sales Limited (ABFGSL-US) - 100%; American Benefits Group (Israel) Ltd. (ABFGISR) - 100%; American Benefits Group (Israel-Madagascar) Ltd. (ABFGISR-MAD) - 100%; ABFG Resources Madagascar S.A.R.L. (ABFGMAD); Saowani Development S.A.R.L. (SAO) - 90%; Stones and Wood Corporation S.A.R.L.` (S&W) - 100%; Club Rodeo Ltd. (CLUB) - 100%; and E-Block Technology Inc. (E-BLOCK) - 100%.
Regulation
As a result of the Company's change of business on July 1, 1997, the Company voluntarily ceased the trading of its common stock over the National Association of Broker Dealers ("NASD') Over the Counter Bulletin Board Quotation Medium (OTC: BB). The Company filed the required "Issuer Information and Disclosure Statement pursuant to Rule 15c2-11(a) (5) on April 2, 1998 and the NASD cleared the Company's common stock for quotation over the OTC: BB medium on June 18, 1998. The Company's stock ceased being quoted on the OTC:BB Quotation Medium on July 4, 1999 as a result of the Company's failure to file a Form 10-SB and clear comments of the SEC pursuant to NASD Regulations 6530 and 6540. This Report is being filed to enable the Company to become a Reporting Issuer under those Regulations and thereafter to be quoted over the OTC:BB Quotation Medium.
B. Organization
As of December 31, 1999, the Company was considered to be in the development stage of operations. According to the Financial Accounting Standards Board of the Financial Accounting Foundation, a development stage company is defined as a company that devotes most of its activities to establishing a new business activity. In addition, planned principle activities have not commenced, or have commenced and have not yet produced significant revenue. FAS-7 requires that all development costs be expensed during the development period. The Company expensed $4,030,099 of development costs for the twenty-seven months ended December 31, 1999.
The Development Costs were allocated for the following projects:


Mining Development $2,655,310
Internet Development $1,364,789
E-Block Research & Development $ 10,000
----------
$4,030,099



Mining Development Project
The Mining Development Project commenced in August of 1997 with the acquisition of 90% of the issued and outstanding shares of SAO, SAO had an interest in 13 mining perimeters in the Democratic Republic of Madagascar. The Company retained mining specialists to explore and test the mining perimeters, as well as source other potential mining perimeters. Subsequently, after the acquisition, Saowani lost its interest in 13 mineral perimeter rights in Madagascar before the exploration and testing programs were completed. Subsequent to the loss of the 13 mining perimeters, SAO reacquired interests in 3 of the mining perimeters.
On June 19, 1998, the Company acquired 70% of the issued and outstanding shares of World Gems Corporation S.A.R.L. (World Gems). World Gems held interest in 34 mining

3

--------------------------------------------------------------------------------

perimeters of which ABFG, through the acquisition, would explore and test the mining perimeters. Subsequently, World Gems lost its mineral perimeter rights in Madagascar before the exploration and testing programs were completed.
On May 11, 1999, the Company acquired 100% of the issued and outstanding shares of S & W which had interests in 37 mining perimeters in the Democratic Republic of Madagascar. On May 28, 1999, Consulting Geologists and Engineers, Watts, Griffis and McOuat, was retained to perform a technical review of the sapphire mining perimeters obtained by the Company. The scope of the technical review was to perform a site visit to review the local geology, exploration potential and the possible size and grade of the deposit with on-site technical personnel; a review of land position and ownership; a review of operational history; a review of sampling process, methodology, kind of wash plant used to recover the sapphires and the size and efficiency of the plant; a review of the mining operation including the amount of stripping of overburden involved, thickness of gravel; and a review of the marketing contracts. The Company began testing operations of precious stones, namely sapphires, on these mining perimeters, on May 31, 1999.
On June 29, 1999 the Company, through its Malagasy subsidiary, SAO became a partner to a joint venture with Ms. Eliana Georgette Samuel Harinoro whereby SAO was given exclusive rights to explore and test on three (3) emerald bearing mining perimeters (these mining perimeters were part of the original 13 mining perimeters of SAO). SAO will fund the exploration and testing. Profits arising from the Joint Venture will be distributed on a basis of 80% to SAO and 20% to Ms. Harinoro. The Mining perimeters are classified as Type I mining perimeters.
Since the commencement of operations in 1997 to present, a total of $2,655,310 was spent on e


PROM RESOURCES, INC. (PRMO) All Company People



The following individuals have appeared in one or more SEC filings related to PRMO. Select a name to view all SEC filings in which the individual appears, or search for a specific individual: First Name Last Name

Last Name First Name
BALL CRYSTAL
BEN-HEIM SAUL
BRADSELL ANDREW
C.I.N. CHRISTOPHE SUZANNAH
C.I.N. EVA VANESSA ZAFIMAHOVA
C.I.N. FRANCIS SUZANNAH
C.I.N. JEAN CLAUDE BEMANANJARA
C.I.N. MARC SUZANNAH
C.I.N. YEHAEL RAZAFIARISON
CHAQIPHAN SAOWANI
CHUAIPHAN SAOWANI
CUT CARMEL
DEPOSITS SAPPHIRE
DEUTSCHER GILAD
JONES PETER D.
JONES PETER
MORTHAM SANDRA B.
DOUGLAS PETER
GOLDSTEIN DONALD I.
MORADOV DROR
OCCURRENCES SAPPHIRE
RANAIVOJAONA SYLVIA C.
MARADOV DROR
GOLDSTEIN DONALD L.
MEIROM AVI
GANS DEENA LYNN
MAHLER PAUL
MULLINS JACK
GARTRY MAUREEN
RASAMIMANANA GEORGES
HARINORO ELIANA GEORGETTE SAMUEL
RAKOTOARIMALALA FRED
MIKOLAJCZYK JERRY G.
GATES SWEENEY
MIKOLAJCZYK JERRY GEORGE
INTENTION FAITH
HOLDER JEAN-LOUIS RABEHARISOA
DOGGETT RICHARD
EMILE GERALD
GEORGE JERRY
MIJKOLAJCZYK JERRY GEORGE
PETER JONES
SUAREZ DIEGO
SUZANNAH FRANCIS
SKLAR GERALD E
SUZANNAH CHRISTOPHER
SEVDERMISH MENAHEM
ZAFMAHOVA VANESSA
ZAFIMAHOVA EVA VANESSA
STEVEN TOBY
ZAFINAHOVA VANESSA
SUZANNAHC CHRISTOPHE
WRENWAY JENNY
RASAMISON GINO
SUZANNAH MARC
SEDIMENTAIRES LES TERRAINS
SKLAR ANTHONY E
SUSANNAH MARC
SUZANNAH CHRISTOPHE
ROSSOVSKY LEV
SKLAR GERALD